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5 Things You Should Never Cut Costs On When Rehabbing a Property

Posted by Ken Meyer on Tue, May 17, 2016

CA hard money bridge loanWhen renovating a home, there are areas in which you can afford to be conservative. Other things require more attention, and money, in order to save time and hassle, earn money, and sell faster. Here are five things you should never cut costs on when rehabbing a property.


When renovating homes with a contractor, it’s important to work with a contractor who is licensed and has a few good references. Don’t skimp out on this and hire someone less reputable or unlicensed because their bid is much lower. If you do, you may run into hassle or shoddy work, unpermitted projects, or inconsistency that will end up costing more.

Curb Appeal

First impressions matter and the outside of the house is the first thing buyers see. Vibrant landscaping, tidy driveways and walkways, and siding, stucco, or exterior paint in good condition are all important. The roof is also part of curb appeal, as well as function. You should have any loose or missing shingles replaced and make sure the roof is in good working order. If the initial view of the home is unappealing to a potential buyer, their attitude when touring the home might be tainted. No matter what you do inside, you still need a strong statement on the outside that will make a buyer excited to step in.

Hardwood Flooring

Worn or dated carpeting can give a home a stuffy, even dingy feel. Even scuffed, scratched, and worn wood flooring is an eyesore. Buyers see this as a major task to tackle both in hassle and in money. Make the home feel exquisite and modern with new or refinished hardwood flooring that pleases the buyer from the moment they walk in. At close to full ROI, and the chance of selling quicker, this investment is well worth it.


It’s well-known that kitchens sell. There may be no need to knock out walls and change the layout, but do consider making a splurge here. According to the 2015 Remodeling Impact Report, kitchen upgrades and complete kitchen renovation are the top two items on both The Appeal to Buyers List and Likely Value for Resale List. Reface or replace cabinets, upgrade dated appliances, and replace old counter tops with striking pieces.

Foundation Repair

If an inspection reveals foundation problems such as significant cracking or shifting, consider this one aspect of renovation that needs attention. Minor cracks in foundation are not uncommon, however if there are severe cracks, it could greatly affect the resale of the home, as well as the structural integrity. If you choose to forgo the repairs, it could take longer to sell or you might have to come down significantly on the asking price.

When renovating a home, it’s important to know where to set priorities. You want to not only save, but also spend, where it makes the most sense. By not skimping on these particular aspects, you will be saving and earning more money in the end.

For more information, or with any questions, please contact us.

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